They then decided to form the group, and today they all work and they pay their loans jointly. They all do different types of business such as the sale of wallets, shoes, fast food and jewelry and others have general stores and kiosks.
Today they hope to receive a loan to buy different types of merchandise depending on each of their businesses, among other products they would like to purchase sugar, flour, meat, vegetables, fruits, wallets, jewelry, shoes and cosmetics.
Translated from Spanish Alexandra Jaffe, Kiva volunteer.
Este Comité es un desprendimiento de un grupo antiguo. El contacto con este grupo una de las señoras que en ese entonces trabajaba en la Municipalidad de Asunción. Ella invito a la reunión informativa acerca de la Fundación Paraguaya, donde asistieron varias señoras.
Decidieron entonces conformar su grupo, y hoy día todas trabajan y pagan de forma solidaria sus créditos. Ellas se dedican a distintos tipos de actividades como ventas de carteras, zapatos, comidas rápidas, joyas, otras poseen despensa y, kioscos.
Hoy día desean adquirir un préstamo para comprar diferentes tipos de mercaderías dependiendo de la actividad de cada una, entre otros podemos citar: azúcar, harina, carne, vegetales, frutas, carteras, joyas, zapatos, cosméticos, etc.
About Fundación ParaguayaFundación Paraguaya is a financially self-sustaining social enterprise that promotes entrepreneurship in urban and rural areas through microfinance, education programs, and more. Its focus on agriculture has helped many farmers boost their crop yields. And a number of other borrowers have taken out loans to start and grow social businesses that have helped deliver eyeglasses, medicines and other helpful services in their local communities.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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Success!! The loan was 100% repaid